General

‘Fast-track’ trade bill approved by US Senate, awaits President’s nod

Author : NewsGram Desk

Washington: The US Senate on Wednesday approved a so-called fast-track trade bill that empowers the president to negotiate trade deals, media reported on Thursday.

The bill will now be sent to President Barack Obama for signing.

The 60 to 38 Senate vote capped weeks of fighting over the trade bill and gave a big push for the Obama administration's trade agenda.

The fast-track legislation, formally known as Trade Promotion Authority (TPA), empowers the president to negotiate trade deals and then present them to Congress for up or down vote, with no amendments allowed.

With the legislation passed by the full Congress, it will give the US trading partners the confidence they need to put their best offers on the table and help the Obama administration conclude the ongoing Trans-Pacific Partnership (TPP) free trade talks, which are nearing completion after more than five years of negotiations. (IANS)

Subscribe to our channels on YouTube and WhatsApp 

Indore Water Crisis: Bakery Gali Residents Allege Supply of Contaminated, Worm-Infested Water

Can Frequent Fast Food Consumption Increase Risk of Serious Illness and Death?

Neuralink Can Restore Full Body Functionality, Says Elon Musk

Power Shift in Venezuela After Maduro’s Capture, Vice President Delcy Rodríguez Appointed Interim President of the South American Nation

Kerala Court Convicts MLA Antony Raju in Underwear Evidence Tampering Case